Clifford Chance (CC) is gearing up for one of the biggest property shake-ups ever undertaken by a global law firm, with moves to at least five new buildings planned around its international network.
The five new premises follow the firm’s landmark move to Canary Wharf and its new Manhattan residence, both completed during the past two years.
This summer Clifford Chance will be taking 8,000sq meters in Düsseldorf, 1,000sq meters in Prague and 1,300sq meters in Dubai. A Paris move, reported by The Lawyer (9 May 2005), will see the French office taking 12,000sq meters of new space in the Place Vendôme in April 2006. And in autumn next year, the firm will be taking 17,000sq meters of space in Singapore.
One Clifford Chance source said: “A lot of our overseas offices are just outgrowing their space.”
It is understood that the total capital expenditure for the office moves will be nowhere near as heavy as the moves in London and New York. Although Clifford Chance has formally established a centralised procurement strategy, the decisions are taken locally, with all offices’ investment in premises measured against local profit per unit.